Suppose a Country Had Net Exports of $7

question 64

Multiple Choice

Suppose a country had net exports of $7.5 billion and sold $44.6 billion of goods and services abroad. This country had

• A) $44.6 billion of imports and $52.1 billion of exports.
• B) $52.1 billion of exports and $44.6 billion of imports.
• C) $44.6 billion of imports and $37.1 billion of exports.
• D) $44.6 billion of exports and $37.1 billion of imports.

Identify the tax treatment of various types of dividends and unemployment compensation.

Understand the tax principles related to employee discounts in restaurants and the specifics of calculating tax liability.

Grasp the concepts of income realization and the specific exclusions available concerning interest income from various sources.

Knowledge of when to report income based on the cash receipts and disbursements method.

---

Definitions:

Net Profit Margin Percentage

A financial metric that shows what percentage of a company's revenues is left over after all expenses have been deducted, indicating profitability.

Return On Equity

A financial ratio indicating the profitability of a firm in relation to shareholders' equity, showing how effectively a company uses investors' funds to generate profit.

Year 2

Typically refers to the second year of a given time frame, period of analysis, or the second year of operation or study.

Gross Margin Percentage

A metric that shows the percentage of sales revenue remaining after subtracting the cost of goods sold, often used to evaluate business performance.